Blog
Maricopa Arizona Homes for Sale Market Update 22FEB12
The downward spiral of homes for sale in Maricopa Arizona continues as inventory of available homes is now at 181!! At some point very soon I would expect this... Read More »
Arizona Claims Top Spot in Mortgage Fraud
In this article brought to you by DSNews, Interthinx released fourth quarter numbers that show Arizona passing Nevada as the riskiest state. Phoenix AZ was also mnetioned as one... Read More »
Maricopa Arizona Homes for Sale – Market Update 20FEB
The downward spiral of homes for sale in Maricopa Arizona continues as inventory of available homes is now at 181!! At some point very soon I would expect this... Read More »
Mortgage Delinquenicies on the Rise
For those of you who have been believing all the media hype regarding a “housing market rebound”, you may want to read the attached article, brought to you by... Read More »
Marciopa Arizona Homes for Sale – Market Update 15FEB
The downward spiral in active Maricopa Arizona subdivision homes for sale continues and is now threatening to fall below 200 homes. Quite a drop considering there were over 650... Read More »
Maricopa Homes for Sale Inventory Drops below 200!!
Just a few moments ago, the number of active listings in the subdivisions of Maricopa Arizona officially dropped below the 200 mark. Although this may be temporary, my gut... Read More »
Maricopa Arizona Homes for Sale – Market Update 13FEB
The downward spiral in active Maricopa Arizona subdivision homes for sale continues and is now threatening to fall below 200 homes. Quite a drop considering there were over 650... Read More »
State Attotney General Litigation May be Nearing Settlement
This ongoing saga may FINALLY be coming to an end as the deadline for a settlement was extended until next Monday. 40 states have already signed on for a settlement... Read More »
Maricopa Arizona Homes for Sale – Market Update 6FEB
The inventory of subdivision homes for sale in Maricopa Arizona declined sharply this past week. As a reminder, our inventory at this time last year was around 700 homes and... Read More »
Real Estate Professionals Feeling The Pain of the Recession
This artcile posted by DSNews cites a survey that claims that the vast majority of real estate professionals (I’m purposely not using the word Realtors) have either lost money... Read More »
Government Triples Lender Incentives for HAMP Principal Reductions
Distressed homeowners in Maricopa Arizona may see some relief in the form of principal reductions. But don’t hold your breath!
The Obama administration announced that they are making a few... Read More »
Mortgage Rates Reverse Course
Freddie Mac reported that mortgage rates edged up 10 basis points last week. The 30 year rate jumped from 3.88 to 3.98, the first such increase following a few... Read More »
Housing Inventory Down 22% From Last Year??
Apparently the housing market in Maricopa Arizona is way ahead of the curve as the inventory of homes for sale is down approximately 66% form the same time last... Read More »
AG/Lender Settlement Coming Soon?
This article by DSNews cites a number of conflicting reports about whether or not the litigation between the nation’s State Attorney Generals and the five major lenders may be... Read More »
Monday Cup of Coffee – Weekend News
The Monday Morning Cup of Coffee is brought to you every week by Housing Wire. This week’s issue details an MI company’s financial probelms , the latest on stste... Read More »
Maricopa Arizona Homes For Sale – Market Update 23JAN12
After a little bit of an uptick last week, inventory of homes for sale in Maricopa AZ has remained stable. There is still a strong flow of new listings entering the... Read More »
FHA Toughens Rules For Lenders
This was recently posted on Housing Wire.
“The Federal Housing Administration will toughen its standards for approving lenders that insure mortgages on its behalf and force more of them to... Read More »
Principle Reductions on Distressed Mortgages May be on the Way
Relief may be on the way for distressed homeowners in Maricopa Arizona. But don’t hold your breath!
In a recent article posted by DSNews.com, the negotiation talks between the state... Read More »
Two Companies to Convert Foreclosures Into Rentals
This article from DSNwes.com mentions that Carrington Holding Company LLC will fund the purchase of up to $450M of distressed single family homes across the country. Carrington currently... Read More »
Maricopa Arizona Homes for Sale – Market Update 17JAN
In spite of the large influx of seasonal buyers looking for homes in Maricopa Arizona, the inventory jumped signifigantly this past week. I’ll go into more detail below but... Read More »
Maricopa Arizona Homes for Sale – Market Update 16JAN
In spite of the large influx of seasonal buyers looking for homes in Maricopa Arizona, the inventory jumped signifigantly this past week. I’ll go into more detail below but... Read More »
Maricopa Arizona Homes for Sale – Updated Market Report 14JAN
Over the past six months, the inventory of single family homes in the subdivisions of Maricopa Arizona has more then doubled, from 440 to over 970. Most of this... Read More »
Maricopa Arizona Homes for Sale – Updated Market Report 11JAN
Sorry I;m a little late this week but it has been crazy with all of the seasonal buyers returning. Patti and I have been running from one end of... Read More »
Hamp Modifications on the Upswing
According to this article published by DSNEWS.com, the Treasury Department reported that nearly 910,000 homeowners have received a permanent HAMP modification to date, saving an estimated $9.9 billion in... Read More »
Mortgage Rates Match an All-Time Low
Great news for buyers of homes for sale in Maricopa Arizona and elsewhere!
In spite of all the media hype and doomsayers predicting higher mortgage rates on the way, the... Read More »
Mortgage Modification Scams on Top Ten List for 2011
Thinking about a loan modification or short sale in Maricopa Arizona? In this article brought to you by DSNews.com, the Better Business Bureau announced that loan modification scams were... Read More »
Maricopa Arizona Homes for Sale – Market Update 5JAN
Happy New Year everyone! The homes for sale market in Maricopa Arizona promises to be a “wild ride”! Inventory continues to edge downward though not at the pace that... Read More »
FHA Extends Waiver of Anti Flipping Rule – Good news for Maricopa AZ Investors
Good news for investors!
The FHA has announced that it is extending the waiver for it’s property anti-flipping rule through December 31, 2012. This allows the use of FHA insured financing... Read More »
Maricopa Arizona Homes for Sale – Market Update 2JAN
Happy New Year everyone! The homes for sale market in Maricopa Arizona promises to be a “wild ride”! Inventory continues to edge downward though not at the pace that... Read More »
Big Four Lenders on Board with HARP Refi Program
DSNwes reports that Bank of America, Chase, Citigroup and Wells Fargo have agrred to participate in the new HARP program. This program, expected to be rolled out in FEB... Read More »
Bank of America Considering Principal Reductions
In this article by DSnews, Bank of America id considering writing off some of the principal on mortgages where the owner can prove a financial hardship. Apparently the settlement... Read More »
Maricopa Arizona Homes for Sale – Market Update 26DEC
I hop ethat everyone had a happy and blssed Christmas! With the New Year right atound the corner, the annual tidal wave of seasonal buyers will soon be upon... Read More »
Fannie Mae Relaxes Guidelines in New HARP Refinance Program
In what could be good news fro some homeowners in Maricopa Arizona and beyond, the attached article from DSNews.com outlines how Fannie Mae is no longer going to remove... Read More »
Delinquent Loans on the Rise in Maricopa Arizona
Here is an interesting article recently posted by DSNews.com. As I have mentioned previuosly, the homes for sale market in Maricopa Arizona hinges on distressed properties. At last count, there were... Read More »
Maricopa Arizona Homes for Sale – Market Update 19DEC
Inventory declined slightly this past week and remains at an all time low. Most of the other numbers stayed within the range of prior weeks although an increase in... Read More »
Delinquent Mortgages Rise in November
The number of distressed homes for sale in Maricopa Arizona may be on the rise over the next 3 – 6 months. According to a first look report from... Read More »
Mortage Rates Hit a New Low
According to the GSE’s nationwide market study, the 30-year fixed-rate mortgage averaged 3.94 percent (0.8 point) for the week ending December 15th, matching its all-time record low previously set... Read More »
Maricopa Arizona Homes for Sale – Market Update 12DEC
Not a lot of change this week as the market has stabilized a bit. Although home buyers continue to enter the marketpalce, they are doing so at a slow... Read More »
Principal Reduction to be Included in Foreclosure Settlement
It appears that the lawsuit against the five major lenders’ foreclosure practices may have a settlement before Christmas. The settlement is expected to be in the range of $25... Read More »
New Wave of Foreclosures Expected
Although foreclosures declined 14% from a year ago, RealtyTrac reports that this information could be misleading as states such as California and Arizona actually posted increases. It was also... Read More »
What is a Short Sale?
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts... Read More »
Maricopa Arizona Homes for Sale – Market Report 12 DEC
Not a lot of change this week as the market has stabilized a bit. Although home buyers continue to enter the marketpalce, they are doing so at a slow... Read More »
California and Nevada Attorney Generals Join Forces in Mortgage Investigation
This article from DS News outlines how the states of CA and NEV have formed an alliance to streamline their processes in their attempt to litigate with major lenders... Read More »
Maricopa Arizona Homes For Sale – 5DEC Market Report of Homes for Sale
After over a month of stability, inventory of subdivision homes for sale in Maricopa Arizona increased over 10% last week. This appears to be mostly due to a decrease... Read More »
Maricopa Arizona Homes For Sale Weekly Market Report 28NOV11
Inventory of subdivision homes for sale in Maricopa Arizona slid approximately 5% from last weeks number. This is mostly due to dseasonal buying activity although we are also seeing... Read More »
Are REO (Foreclosure) Buyers Getting Harder to Find?
Not in the Maricopa Arizona homes for sale market.
This article, published in DSNews.com, claims that after a three year study the number of owner occupant buyers for REO (which... Read More »
Maricopa Arizona Homes For Sale – Market Update 28NOV11
Inventory of subdivision homes for sale in Maricopa Arizona slid approximately 5% from last weeks number. This is mostly due to dseasonal buying activity although we are also seeing... Read More »
Bank of America Not Getting Off As Easy As They Thought
Distressed homeowners in Maricopa Arizona that are looking to short sell their homes may find lenders more receptive in the near future.
This article from DS News explains how Bank... Read More »
Homes for Sale in Maricopa Arizona – Market Update 21NOV
The market has stabilized a bit over the past few weeks. After the inventory if subdivision homes for sale reached an all-time low of 217 two weeks ago, the... Read More »
Maricopa Arizona Homes for Sale – Market Update 21NOV
The market has stabilized a bit over the past few weeks. After the inventory if subdivision homes for sale reached an all-time low of 217 two weeks ago, the... Read More »
Maricopa Arizona Homes for Sale – Market Report 7NOV
Inventory of homes for sale in the subdivisions of Maricopa AZ continues to decline. Buying activity has begun to increase due mostly to seasonal activity.
ACTIVE LISTINGS: 217, down from... Read More »
Home Affordable Programs Need Some Work
Maricopa Homes for Sale – Market Report 31OCT
It’s been awhile since I posted this report but with our seasonal buyers on the way I thought it was time to get back on track. I will be... Read More »
Foreclosure Sales May Not Peak Until 2013
Homes for sale in Maricopa Arizona will continue to be a bargain if the latest predictions are correct.
The sale of properties repossessed through foreclosure may not peak until 2013, keeping... Read More »
Maricopa Arizona Homes for Sale – Market Report 5 SEP
I haven’t posted an update on the housing market in Maricopa AZ in about a month. The combination of forming my own brokerage and the fact that the market has... Read More »
Mortgage Servicers Choosing Short Sales to Avoid Foreclosure Delays
Mortgage servicers contending with attorney general investigations and extended foreclosure delays turned more to short sales in the past year.
In August 2009, short sales accounted for 8% of all liquidations... Read More »
Maricopa Homes for Sale – Weekly Market Report 1AUG
Lots to talk about this week so let’s dive right into the numbers.
ACTIVE: 241, down from 265. Amazingly enough, the number of subdivision homes for sale in Maricopa AZ... Read More »
Foreclosure Activity Drops in Maricopa Arizona and Rest of the Country
Foreclosure activity in the first half of 2011 dropped in 84% of the 211 metropolitan areas surveyed by foreclosure data firm RealtyTrac. The market for homes for sale in... Read More »
Maricopa Arizona Homes For Sale – Weekly Market Report 18JULY
It was a very interestin week as the inventory of Maricopa subdivision homes for sale continued it’s decline after three weeks of stability. I won’t go into any detail... Read More »
Maricopa Summer Events – Fitness, Activities, Arts
Maricopa in the Summer is something to behold. We have so many activities to choose from you are sure to pack your summer up before you know it. Here are... Read More »
Maricopa Arizona Homes for Sale – Weekly Market Report 11JULY
This week saw very little change in the Maricopa AZ homes for sale market overall. I’m expecting this to be the “calm befoire the storm” and the Holiday weekend... Read More »
Maricopa Arizona Homes for Sale – Weekly Market Report 4JUL
Though inventory of homes for sale in Maricopa AZ remained relatively the same this past week, a couple of key indicators had major movement. Pending sales declined drastically and it... Read More »
Maricopa Arizona Homes and Houses for Sale – Weekly Market Update 27JUNE
For this week anyway, the increase in inventory has stalled and returned to previous levels. There is also some interesting news regarding PENDING transactions.
ACTIVE: 276, down from 287. It remains to... Read More »
Maricopa Arizona Homes for Sale – Weekly Market Update 20JUN
For the first tome since SEP 2010, inventory actually moved upward. It was only a small move so not too much should be read into it but we very... Read More »
Good News for Maricopa AZ Homeowners – CitiMortgage paying borrowers $12,000 after a short sale
This is great news for homeowners in Maricopa Arizona! I negotiate far more short sales than anyone in my community and, though I have not had a recent short... Read More »
Foreclosure Delays Beginning to Wear Off??
In my primary market of Maricopa Arizona, we are experiencing a large number of vacant homes that have already gone to foreclosure but have yet to be put on... Read More »
BofA completes more short sales than REO for last 18 months
In my market of Maricopa Arizona, I have noticed that buyers are not nearly as reluctant to place offers on short sales as they have been in the past.... Read More »
Maricopa Arizona Homes for Sale – Weekly Market Report 13JUNE
The trends remain the same as the demand outpaces the resupply of homes in the subdivisions of Maricopa AZ. Inventory once again dropped by over 20 homes and is... Read More »
Weekend Housing News Update
This “Morning Cup of Coffee” is brought to you every week by Housing Wire. Among the intersting topics:
Analysts lowered their estimates and home prices going forward and Altos Research... Read More »Maricopa Arizona Homes For Sale -Weekly Market Report 6JUN
Here is my latest update on the market of subdivision homes for sale in Maricopa AZ. There still appears to be no end in sight to the current trends... Read More »
Servicer to Connect Lenders With HOAs Using the Web
In an article publisher by Housing Wire, “Matt Martin Real Estate Management, an asset management firm Arlington, Va., is launching an affiliate company to connect homeowner associations with mortgage... Read More »
Maricopa Arizona Homes For Sale – Weekly Market Update 31MAY
This is an update to the weekly report that details the market of homes for sale for subdivision homes in Maricopa AZ. The inventory of these homes continues to... Read More »
Maricopa Arizona Homes For Sale – Market Update 30MAY
This is my latest update on the market for subdivision homes in Maricopa AZ. Since the trends have remained realtively steady, I won’t go into any detail behind the... Read More »
Maricopa Arizona Homes for Sale – Weekly Market Report 23MAY
Here is my latest update regarding the market for subdivision homes for sale in Maricopa AZ. As has been the trend, inventory continues to decrease, though I expect it... Read More »
Maricopa Arizona Homes For Sale – Weekly Market Report 16MAY
Every week I post the latest market indicators for subdivision home for sale in Maricopa AZ. This past week saw inventory continue to slide to an all time low... Read More »
Maricopa Arizona Homes For Sale – Weekly Market Report 16MAY
And the beat goes on! All indicators continue to trend in the same direction. Maricopa AZ experienced another sharp decline in the inventory of subdivision homes for sale. Once... Read More »
Maricopa Arizona Homes for Sale – Market Report 9MAY
Every week I post an update on the Maricopa AZ homes for sale market on my website blog (www.wizardsofwaz.com/blog). Inventory of subdivision homes in Maricopa continues to decline... Read More »
Principal Reduction Still a Possibility?
This is a perfect example of media hype. Though the headline in this article reads “Principle Reduction Still a Possibilty ….” the article itself seems to conter this. Apparently the... Read More »
Maricopa Arizona For Sale – Weekly Market Report 9MAY
Inventory of subdivision homes in Maricopa Arizona continues to decline as buying activity remains strong. Since the trending of the various categories continues in the same direction observed over... Read More »
Bank of America’s Performance Downgraded
Moody’s Investors Service downgraded Bank of America ratings on collections and loss mitigation services citing a “deterioration”.
Bank of America was among several major lenders that signed consent orders with... Read More »
Maricopa Arizona Homes for Sale – Weekly Market Update 2MAY
This week showed signs of stability across the board. Let’s take a look at the numbers.
ACTIVE: 401, up from 397. This is a very modest increase but since the... Read More »
Maricopa Arizona Homes for Sale – Market Update 25APR
Same old, same old as the trending continues.
ACTIVE: 397, down from 407. The inventory of Maricopa AZ subdivision homes for sale continues it’s steady decline, although at a much... Read More »
Monday’s Cup of Coffee – Weekend News Wrap Up
This HousingWire article highlights the news that took place over the weekend. Leading the way is the government needing to raise the debt ceiling, an increase in the FHA... Read More »
Maricopa Arizona Homes for Sale – Market Update 18APR
Ant the beat goes on! After a slow week of closings, the Maricopa AZ market picked up where it left off and continued on it’s pace of the past few... Read More »
Maricopa Arizona Homes For Sale – Weekly Market Report 12APR
Here is the update to my weekly report. I got it out a little late this week as I have been swamped!!
Inventory of homes for sale in the subdivisions... Read More »
Maricopa Arizona Homes Report – Market Update 11APR
A look at this week’s numbers show that, while the trending is continuing to slow down a bit, all signs are still pointing in the same direction.
ACTIVE: 441, down... Read More »
Wells Fargo Considering Principal Reductions for Distressed Homeowners
Wells Fargo is in discussions with the Arizona Department of Housing about joing a program that would provide a principal reduction on delinquent mortgages. The Treasury Department allocated $7.6... Read More »
Senator McCain Introdices Bill to Reform Fannie and Freddie
Senator John McCain (R – AZ) recently introduced a bill that aims to end the taxpayer bailout of Fannie Mae and Freddie Mac and move towrds getting the government... Read More »
Maricopa Arizona Housing Market Report – Weekly Update 4APR
A number of mixed signals appear in this week’s report as inventory continues to decline. As I predicted, March was a strong month for closed sales and, in fact,... Read More »
Maricopa AZ Home For Sale – Gorgeous Single Level With Terrific Backyard – 22740 N Leachman Ct. Maricopa Arizona
We're sorry, but we couldn't find MLS # 4562286 in our database. This property may be a new listing or possibly taken off the market. Please check back... Read More »
House Votes to End Hamp
What the headline doesn’t tell you is that the Senate is unlikely to pass this bill and it will be vetoed by Obama regardless. Instead of wasting all this... Read More »
Maricopa Arizona Homes For Sale – Weekly Market Report 28MAR
Inventory of homes for sale in Maricopa AZ continues to decline. Single level homes in particular are becoming scarce. Heavy seasonal buying activity continues and is expected to last... Read More »
Bank of America Prepares to Write Off Principal on Mortgages
Bank of America announced that they will begin a pilot program that will allow some California homeowners to receive a principal writedown on their mortgages. The funds, totaling almost... Read More »
Mortgage Servicers Under Pressure to Cut Principle on Delinquent Loans
This article mentions that a number of State attorney generals that are continuing to put pressure on lenders to reduce the principle on “underwater” loans. In the articlke, the lenders cite... Read More »
Maricopa Arizona Homes – Weekly Market Report 28MAR
I’m knocking this out a little early as I don’t expect any of the numbers to change this late in the evening. I’ll keep my comments to a minimum... Read More »
Flawed Market Data May be Understating Housing Market Problems
I’ve attached an interesting article that questions that data that is used by the National Association of Realtors (NAR) to track the housing market. The Mortgage Bankers Association claims... Read More »
S & P Estimates Shadow Inventory is at $450 Billion Dollars
Standard and Poors estimates that this is the principle balance of residential properties in foreclosure but not yet on the market. They categorize the shadow inventory as containing loans at... Read More »
Maricopa Arizona Housing Market Report – updated 21MAR
My weekly report has been updated and the trends of the past few months continue. The inventory of available subdivision homes in Maricopa AZ continues to decrease. This is... Read More »
Nevada Seeking to Crack Down on Distressed Homeowners That Damage Homes
The Nevada State Assembly introduced a bill that would allow authorities to charge a borrower with a felony if they willfully damage a home during the foreclosure process.
This is... Read More »
42220 W Venture Road – Homes For Sale in Maricopa AZ Rancho El Dorado
We're sorry, but we couldn't find MLS # 4555461 in our database. This property may be a new listing or possibly taken off the market. Please check back... Read More »
41972 W Michaels Drive – Home for Sale in Maricopa Arizona
NOT A SHORT SALE OR FORECLOSURE! QUICK RESPONSE ON OFFERS! This popular DR Horton model for sale in the Rancho El Dorado subdivision of Maricopa Arizona has a very spacious floorplan... Read More »
Shadow Inventory is No Myth – Maricopa AZ Has Plenty
This article details the results of data released by the National Association of Realtors. Not only does it confirm what many of us already know but Standard and Poor’s states that... Read More »
Maricopa Arizona Weekly Housing Market Report – 21MAR
Each week I dive into the numbers behind the activity in the Maricopa AZ home market. The trending continues along the same lines that has been occuring since the first of the... Read More »
Maricopa AZ 44886 W JackRabbit Trail Maricopa Arizona Homes for Sale
NOT A SHORT SALE OR FORECLOSURE! A beautiful home in the Alterra subdivision of Maricopa Arizona with a very spacious floorplan. Very well maintained and freshly painted with new... Read More »
Maricopa Arizona Home Report – 14MAR Weekly Housing Report
Inventory continued to decline amid intense buying from seasonal visitors (snowbirds). Coupled with the fact that lenders are still holding back on the release of their foreclosure inventory, single... Read More »
Maricopa Arizona Weekly Housing Report – 15MAR
The flu bug has me sidelined for a couple of days but I’m back and reporting on activity in the Maricopa AZ market from last week.
ACTIVES: 538, down from... Read More »
Maricopa Is Fastest Growing City in AZ
The results of the 2010 census have been released and they show that Maricopa Arizona was easily the fastest growing city in Arizona. In addition, Pinal County, in which... Read More »
Double Dip Looming for Homes in the West
In this article, Clear Capital’s Home Data Index Marketing Report the “prices in the West dropped 4.5% between December and February while prices in other parts of the nation... Read More »
Why Loan Modifications Don’t Work
This is a great article that dives into the issues surrounding loan modifications nad wht they are not getting done. The media continues to offer homeowners hope that lenders... Read More »
Maricopa Arizona Home Report – 7MAR Weekly Housing Report
Here is my weekly update on the market for Maricopa Arizona homes. For the first time in six months, the inventory has not declined, it remained stable at 559... Read More »
Maricopa Arizona Weekly Housing Report – 7MAR
Sorry I missed the update last week but I was out of town for the weekend and not a lot had changed other then the inventory dropped AGAIN. If... Read More »
HAMP Needs to Go!!
We can debate all day long about the reasons why this program is not successful but this article points out that this is an understatement. According to Katie Jones,... Read More »
Fannie May Wants More Money From Treasury
Read, Taxpayers instead of Treasury. Although I’m “excited” that Fannie has narrowed it’s quarterly losses to a little over $2 billion, I’m not for giving them any more money.... Read More »
Short Sales Predicted to Increase Due to HAFA Changes
A panel of the Mortgage Bankers Association claim that servicers are now going to take a more proactive approach to short sales. They claim that the relaxation of Hafa... Read More »
Maricopa Arizona Housing Market Update
Every week, I post a review of the housing market for Maricopa Arizona subdivision homes. This past week, inventory levels continue to drop amid strong seasonal buying activity and... Read More »
Maricopa Arizona Weekly Housing Market Report – 21FEB
Each week I post “the numbers” of activity in subdivision homes in Maricopa Arizona. Here is the latest information.
ACTIVE: 600, down from 651. This is easily the largest weekly... Read More »
HUD Targeted for More Than $1 Billion in Cuts
This article outlines a few of the proposed budget cuts to HUD. In particular it mentions cuts to the Development Block Grant program and Neighbor Works.
The Development Block Grant... Read More »
Large Housing Inventories to be Sold at Deep Discounts
In this article, DBRS cliams that foreclosures will flood the market in 2011 resulting in deep discounts. I won’t argue with them but my question is what are the... Read More »
GSE Reforms to Squeeze Out Small Banks??
I found this article pretty interesting as it came from a point of view I hadn’t thought of. Obviously GSE reform has many ramifications no matter how it is... Read More »
Maricopa Arizona Housing Market Weekly Update – 14FEB
I won’t go into much detail on the numbers this week as the trending for Maricopa Arizona homes has remained the same. You can refer to my comments on my... Read More »
Monday’s Cup Of Coffee – Weekend News 14FEB
This week’s post by Housing Wire that reviews the weekend news. As expected, the mortgage finance industry is beginning to weigh in on the Obama plan to phase out... Read More »
First Salvos Fired at the Obama Overhaul Plan
A good article that outlines how everyone is lining up in response to the Obama plan to phase out Fannie and Freddie. The major concern seems to be that... Read More »
The Obama Plan for Freddie and Fannie is Unvieled????
And we waited all this time for what? I need to read more about this but this article outlines the “plan” set forth by the Obama administration for the... Read More »
Mixed Reviews on Obama’s GSE Plan
I just wanted to post the latest update to the Fannie and Freddie scenario. I won’t begin to comment on this article as there are just too many issues... Read More »
Foreclosure Filings Decrease in January
Realty Trac, a company that monitors default notices, scheduled auctions and bank repossessions (REO) in counties across the U.S., stated that filings were down 17% from a year ago.... Read More »
Maricopa Arizona Weekly Housing Market Update – 7FEB
I’ve just posted the latest report on the housing market in Maricopa Arizona. Invenories continue to decline and are now at a level not seen since APR 2101. Buying... Read More »
How to Better Understand the Fannie and Freddie
I came across this article and found it to be a good Q & A to give everyone a better understanding of this very complicated issue. You won’t find... Read More »
Monday’s Cup Of Coffee – Weekend News 7FEB
A summary of the new that hit HousingWires desk over the weekend.
One of the more intersting tidbits this week is a list of commercial and multi family loan servicers... Read More »
Maricopa Arizona Housing Market Update – 7FEB
Here is the weekly summary of the activity in the housing market of Maricopa Arizona for the week ending 6FEB. The numbers are for subdivision homes only.
ACTIVE: 688, down... Read More »
HOA Document Fee Bill Introduced in Arizona Congress
SB 1149 (HOA; condo; document fees- sponsored by Senator Andy Biggs), which as amended by the committee limited the fees that a condominium or planned community could charge for... Read More »
Banf of America Predicts Home Prices Will Bottom Out on 2Q 2012
Analysts have given us all sorts of predictions on the housing market but if there is one thing that appears to be a common thread it is that the... Read More »
Phoenix Arizona Home Sales Rise to Record Levels
The Greater Phoenix area home sales in December rose 25% over November and was the highest level for a December in five years. Foreclosure resales represented over 56% of... Read More »
Subprime Mortgage Lender Shares The Inside Story
Though I have been aware of the problems with the subprime mortgage industry all along, this article really hit home! It underlines what a total, unregulated mess it was... Read More »
HAMP Elgible Borrowers Cut in Half
Surprise! Surpirise. I’m not sure why it has taken so long for the government to acknowledge this but now at least they know what we have known for quite... Read More »
Maricopa Arizona Weekly Housing Market Update – 31JAN
The latest numbers show that inventory continues to decline due to strong buyer activity coupled with the lack of the expected surge in short sales and foreclosures. As a result,... Read More »
This Week’s "Cup of Coffee" – 31JAN
A weekly look at the weekend’s news wire, brought to you bu=y HoussingWire.
The most interesting news is that Regulation Z becomes effective today. hTis is a monthly payment disclosure... Read More »
Maricopa Arizona Housing Market Update – 31JAN
Here is the weekly summary of the activity in the housing market of Maricopa Arizona for the week ending 31 JAN.
ACTIVE: 738, down from 754. Inventory continues to slide... Read More »
Bill Introduced to Eliminate HAMP
Reps. Jim Jordan (R-Ohio), Darrell Issa (R-Calif.) and Patrick McHenry (R-N.C.) introduced a bill to eliminate the HAMP program citing that “HAMP is a colossal failure”. This comes on... Read More »
Freddie and Fannie – What to Do??
This is a very complex issue to be sure so I read (and forward) any interesting article about the impending decision on the future of Freddie and Fannie. This... Read More »
Bank of America Foreclosure Blocked by Court
This short article does not offer a lot of details but it is interesting to note that this is occuring in a non judicial state. The courts ruled against... Read More »
Pat Attention to Your Listing Pictures
I ran across this article and it got my juices going because it is my number one pet peeve I have with my “peers”. I don’t know about the... Read More »
Google to Stop Posting Real Estate Listings
The mega search engine Google has announced that it will take down the real estate listings from Google Maps on February 10, 2011. I have utilized Google Maps very... Read More »
HUD Extends FHA Anti Flip Rule
This article announced that HUD has extended the suspension of the FHA Anti Flip rule. This rule prohibited the FHA from insuring a mortgage on homes that were owned by... Read More »
$1 Billion Dollars in Mortage Help on the Way??
This article mentions a program that I was not aware of. I am all for assisting those in distress but is this the way to do it?
First of all,... Read More »
Maricopa Arizona Home Report – 24JAN Weekly Housing Report
Every week I post the latest numbers for the housing market in Maricopa Arizona. Trends continue to develop but not necessarily the ones I am expecting.
ACTIVE: 754, down from... Read More »
Dim Outlook for San Diego Housing Market in 2011
Though this article is written regarding the housing market in San Diego, the writer brings up a few points about the market outlook in general. Since there are so... Read More »
Monday’s Cup Of Coffee – Weekend News
Start the week off with a wrap up of the weekend news, brough to you by Housing Wire. Topics include:
MERS chairman resigns The government extends decision on GSEs (Freddie and... Read More »Maricopa Housing Market Update – Weekly Report 25JAN
Every week I post the latest numbers for the housing market in Maricopa Arizona. Trends continue to develop but not necessarily the ones I am expecting.
ACTIVE: 754, down from... Read More »
Young Buyers Attracted by Low Housing Prices
Once again, much of the nation is experiencing an influx of young, local homebuyers that are attracted by the declining values in the housing market. This article refers specifically... Read More »
Mortgage Investors "Duped" by False Owner Occupancy Claims
I have a hard time feeling sorry for these guys because, in many cases, it was their greed that helped fuel the housing market collapse in the first place. In... Read More »
Home Buyers Looking for Affordability
This aricle does offer a lot of surprises but it underlines the reason the home sales in Maricopa Arizona have been brisk. The abundance of short sales and foreclosures... Read More »
Maricopa Arizona Home Report – 17JAN Weekly Housing Report
Here are the new numbers and my take on them.
ACTIVE: 784, down from prior week of 796. The wait for the release of pent up lender inventory continues. With the... Read More »
Rep. Waters calls mortgage servicing an industry in crisis
Now they have done it! It bad enough that the lenders and servicers don’t care about the average citizen but now they are picking on our military families??!! What... Read More »
Maricopa Arizona Weekly Housing Market Report – 17JAN
Here are the new numbers and my take on them.
ACTIVE: 784, down from prior week of 796. The wait for the release of pent up lender inventory continues. With the... Read More »
Morning "Cup of Coffee"
This weekly artcile, brought to you by Housing Wire, reviews the news from the weekend. There was not a lot of things going on this past weekend. Of note... Read More »
More Than Half of Foreclosures Came from Five States
This article predicts, as expected, that there will be over 1.2 million foreclosures in 2011. This would break the record of 1 million in 2010. It also points out... Read More »
Foreclosures Drop to Record Rates in Non Judicial States Too
Because I live in Maricopa Arizona, which is in a non judicial state, I knew that this was happening. Inventory of available homes fell almost 20% in the third... Read More »
Housing Market Won’t Recover Until Freddie and Fannie are Revamped
Fedreal Reserve chairman Beb Benanke said, in theis article, that reducing the dominance of GSEs in vital to a recovery in the housing market. The Obama administration is expected... Read More »
Trulia to Link Up With Facebook
Two of the world’s larget networking sites will team up today and the results could provide a boost to realtors that utilize both. This press release outlines how Trulia... Read More »
Foreclosures to Increase in 2011
This article from RealtyTrac offers me no surprises. They use data from a number of different sources to project future housing market trends,. My only argument is that, where... Read More »
Maricopa Home – 4,000 sq.ft. in Cobbelstone Farms for $150,000
This is a gorgeous home that has all of the upgrades you desire: granite counters, hardwood cabinets, custom stair rails, custom tile, extended patio and much, much more. The... Read More »
Maricopa Arizona Homes Weekly Market Update – 10JAN
Here is the latest update. I have limited my comments this week as most of the numbers have remained relatively flat.
ACTIVE: 796, last week 793
SHORT SALES: 351, last weel... Read More »
Were Taxpayers Robbed in the B of A – GSE Settlement?
This is a very “heady” article, a lot of which I don’t claim to understand. And that appears to be the problem. Even though the media praised this settlement, I... Read More »
Monday’s Cup of Coffee
Here is the weekly post from Housing Wire that cathces up on the weekend’s news. At the top of the list is the shooting spree that took place on... Read More »
Maricopa Arizona Housing Market Weekly Update – 10 JAN
Here is the latest update. I have limited my comments this week as most of the numbers have remained relatively flat.
ACTIVE: 796, last week 793
SHORT SALES: 351, last weel... Read More »
Do Servicing Companies Have an Incentive to Foreclose?
I ran across this video and it’s pretty scary! The person that is interviewed used to work for EMC, a loan servicing company, and she states that there was... Read More »
Short Sales to Increase in 2011
This article is a Q&A with John Vella, the CEO of Equator. In it, he predicts that short sales will rise by 25% in 2011. It is interesting to... Read More »
Foreclosure Myths
I’m sure all of you are ware of this information but I feel it’s a good article that covers most of the questions that I receive from potential clients... Read More »
Maricopa Arizona Weekly Housing Market Update – 3JAN
Here are my weekly numbers. Some BIG changes so be sure to read the summary. Once again, keep in mind that this is only for Maricopa Arizona subdivision homes.... Read More »
Freddie Mac Details Foreclosure Process to Public
This article details a blog post from Anthony Renzi, President of Freddie Mac, in which he outlines seven facts about the foreclosure process. There are some staggering numbers here... Read More »
Maricopa Arizona Home For Sale – 42549 Corvalis Maricopa, AZ 85138
BACK ON THE MARKET 12/22. Beautifully upgraded with granite counters, hardwood cabinets and lots of custom tile. The spacious floorplan has two bonus rooms off the entry that... Read More »
Maricopa Arizona Custom Home on Acreage – Incredible Home on 3.3 Acres
AMAZING CUSTOM HOME ON 3.3 ACRES WITH A SPARKLING POOL!! Fully landscaped and fenced lot in Thunderbird Farms. You’ll be blown away by the spaciousness of the 1700... Read More »
Monday’s Cup of Coffee
As always, I will start the week with this post from Housing Wire which sums up the weekend news. It includes predictions about the economy from a number of... Read More »
Maricopa Arizona Weekly Housing Market Update – 3JAN
Here are my weekly numbers. Some BIG changes so be sure to read the summary. Once again, keep in mind that this is only for Maricopa Arizona subdivision homes.... Read More »
The Least Riskiest Places to Buy a Home
I LOVE lists and here is an article about where to buy a home with the least risk of it’s value dropping. I have no idea where they come... Read More »
Third Quarter Foreclosure Information
Here is yet another article detailing the distressed home market. Essentially, it is another “gloom and doom” article and it provides a lot of information that all of you... Read More »
Maricopa Arizona Home for Sale – The Villages at Rancho El Dorado, Maricopa, AZ
THIS IS THE HOME YOU’VE BEEN LOOKING FOR! Gorgeous single level home in the highly desirable Villages of Rancho el Dorado subdivision! This home has it all! Granite counter... Read More »
Celebrating the New Year!
In response to the post by the great folks at Active Rain, I am hear to say that I celebrated New Year’s Eve and am in the process of... Read More »
Happy New Year to All You Rainmakers!!
I just wanted to take the time to wish all of the a very happy and prosperous New Year!
If you are anything like me, you are both excited and... Read More »
Foreclosures Up 31% in Third Quarter
Not a lot of surprises in this article but good information noentheless. The article also addresses the statistics on loan modifications.
As I have mentioned before, I am very concerned... Read More »
Congress to Decide Fate of Fannie and Freddie
This article states that, when it returns to session, Congress will tackling the issue of how the government will be involved in housing finance. It also details how private investors... Read More »
Need Help With a HUD Application
My office just received it’s HUD certification and I am applying to become a listing agent in Arizona (BLS Resources). It’s an unusual application as they ask for a marketing... Read More »
Bristol Palin to Impact Maricopa Arizona’s Housing Market
Most of you know by now that Bristol Palin, the Dancing With the Stars finalist”, has purchased a home in my community of Maricopa Arizona. Whatyou may not... Read More »
Maricopa Arizona Weekly Housing Market Update – 27 DEC
Every Monday I update the numbers on my spreadsheet which tracks the Maricopa Arizona housing market, subdivision homes only. Here is the latest news:
ACTIVE: 838, down from 865. This... Read More »
Bristol Palin to Provide a Boom to the Maricopa Arizona Housing Market
Most of you know by now that Bristol Palin, the Dancing With the Stars finalist”, has purchased a home in my community of Maricopa Arizona. Whatyou may not... Read More »
90 Day Deliquencies Near the 2.2 Million Mark
While 90 day-plus deliquencies are on the decline, this article states that they for outweigh the number of of foreclosure starts. The obvious result is that foreclosure inventories continue... Read More »
Monday Cup of Coffee – Weekend Housing News
Here is this week’s summary of the weekend news from Housing Wire. Not a whole lot happening over the Christmas weekend but the FHFA sent a number of rules... Read More »
Maricopa Arizona Housing Market – Weekly Update
Every Monday I update the numbers on my spreadsheet which tracks the Maricopa Arizona housing market, subdivision homes only. Here is the latest news:
ACTIVE: 838, down from 865. This... Read More »
Merry Christmas to All AND a Prosperous New Year
I just wanted to take the time to wish all of you RainMakers a joyous Holiday Season. Take the time to slow down and embrace what this time of... Read More »
Maricopa Arizona Home in Cobblestone Farms – 2,251 sq.ft. Single Level
BACK ON THE MARKET 12/22. Beautifully upgraded home in Maricopa Arizona with granite counters, hardwood cabinets and lots of custom tile. The spacious floorplan has two bonus rooms off... Read More »
Trulia "on the Move" in a Couple of Ways
Trulia, who most acknowledge as the #3 home search site behind Realtor.com and Zillow/Yahoo Real Estate, has made a couple chamges that they hope will increase their market share.
First... Read More »
Freddie and Fannie Foreclosure Starts Double Loan Mods
This is an interesting article based on date from the FHFA (Federal Housing Finance Agency). It appears that foreclosure starts have doubled the number of successful loan modifications. Surprise,... Read More »
Feds Push for New Appraisal Standards
Five federal bank regulatory agencies will no longer accept certain technological tools like AVWs (Automated Valuation Models).This was a long time coming and is definitely a step in the... Read More »
NAR Report on How to Find Buyers and Sellers
I’ve attached an article that summarizes the The 2010 National Association of Realtors® Profile of Home Buyers and Sellers. There is some interesting information here it can help refocus... Read More »
Morning "Cup of Coffee"
Brought to you by HousingWire, this weekly article reviews stories that came across their desk over the weekend. Heading the list is a new lawsuit against Bank of America... Read More »
Maricopa Arizona Housing Market Weekly Update
Here is my Monday morning update on the state of the Maricopa Arizona housing market. Feel free to contact me with any questions at waz@wizardsofwaz.com . Once again,... Read More »
Foreclosure Inventories UP – Delinquencies Down
This article had a few surpirises for me.
One is that delinquencies are actually down 15% over prior year. Could it be that we are beginning to see the light... Read More »
Foreclosures Down 21% in November
This should come as no surpise to most of us. I reported in my weekly Maricopa Arizona housing market update that inventory levels were the lowest sine JUL 2010... Read More »
Mortgage Fraud on the Rise!
This article is particularly disturbing. I’m sure we can all remember when it seemed that anyone could qualify for a home and that income statements could be “written on... Read More »
Why Do Many Buyers Not Shop for Loans??
I pulled this article off of my RSS feed this morning and it pretty much confirmed what I already knew. The one number that was astounding is that “96%... Read More »
Is HAMP Working? Is That Even a Question????
I’ve attached an article where the a Congressional Oversight Panel has stated that they are underwhelmed at the progress of the HAMP program. I don’t know about all of... Read More »
Maricopa Arizona Weekly Housing Market Update – 14 DEC
My weekly snapshot of the Maricopa Arizona housing market.
INVENTORY: 878. The number of active listings of subdivision homes in Maricopa Arizona has dropped to a level not seen since... Read More »
Best and Worst of 2010 Real Estate Market
I found this on the front page of Yahoo! this morning. It’s a quick and easy read from msn.com that highlioghts the highs and lows of the real estate... Read More »
42494 W Chambers Drive, Maricopa AZ 85138 – Single Level Pool Home
GORGEOUS POOL HOME! NOT A FORECLOSURE OR SHORT SALE!! This popular Carefree model reflects pride of ownership and will make you feel at home when you first walk... Read More »
This Week’s "Cup of Coffee"
Here is this weeks article which is always posted Monday morning by Housing Wire. Some interestin news from Wells Fargo and JP Morgan along with the latest housing numbers... Read More »
Weekly Maricopa Arizona Housing Market Update
My weekly snapshot of the Maricopa Arizona housing market.
INVENTORY: 878. The number of active listings of subdivision homes in Maricopa Arizona has dropped to a level not seen since... Read More »
Bank of America Starting Foreclosures Again
This article states that B of A is at it again. Apparently they have over 16,000 backlogged properties and are going to start with unoccupied homes. They also reiterate... Read More »
Incredible Deal on a Maricopa Arizona Home!
LENDER APPROVED PRICE! Beautiful 4 bedroom 3 bath home in Maricopa Arizona with one bedroom and full bath downstairs definitely reflects pride of ownership. Spacious kitchen with lots of... Read More »
Predictions on the Effect of Shadow Inventory
This is an interesting article from REOInsider and though it makes some predictions it cautions against do so, especially in a general manner. t rightfully states that “ifferent markets move... Read More »
3,500 Sq.Ft. Home in Maricopa Arizona – $119,900
GORGEOUS! This unbelievable 3500 sq ft home will blow you away! With 5 bedrooms, 2.75 baths, a huge loft, formal dining room you have plenty of room to... Read More »
Maricopa Arizona Home for Sale – Next to Park
A very well maintained home with an excellent corner location next to a greenbelt. The spacious floorplan includes a downstairs bedroom with adjacent bath and a large loft.... Read More »
Best Places to Buy a Home in 2011?
This article in Yahoo! attempts to offer advice on the best places to buy in the upcoming year. They built their list based on the amount of appreciation expected... Read More »
Weekly Maricopa Arizona Housing Market Update
I just got back from an 11 day cruise in the Caribbean. Needless to say, it was an excellent and much needed vacation. Unfortunately, the high cost and slow speed... Read More »
Maricopa Arizona Pool Home for Sale – $89,900
GORGEOUS SINGLE LEVEL POOL HOME in Maricopa Arizona! This well maintained home exudes pride of ownership. The spacious floorplan is accented by 18” tile and custom paint. The... Read More »
3,300 Sq.Ft. Pool Home in Maricopa Arizona – $130,000
GORGEOUS POOL HOME ON A 1/4 ACRE LOT! Very well maintained home that has just been professionally cleaned. The spacious layout is accented by custom paint and LOTS... Read More »
Nationwide Housing Market Survey
I just received my copy of a survey conducted by Credit Suisse. They polled agents nationwide and there is a LOT of information. It includes a page on each... Read More »
Fannie Mae Suspends Foreclosures for the Holidays
This article confirms that Fannie Mae will again suspend foreclosures during the Holidays. I expect most of the others to follow suit shortly. This is very nice of them... Read More »
Nationwide Housing Market Survey
I just received the results of Credit Suisse’s survey of agents nationwide on the housing market. There is a LOT of information in it but it also includes a... Read More »
Housing Market and the Economy
This is a very interesting read on the relationship between the housing market and the economy in general. I have to admit that I often get confused by the... Read More »
Maricopa Arizona Housing Market Weekly Update
I just got back from an 11 day cruise in the Caribbean. Needless to say, it was an excellent and much needed vacation. Unfortunately, the high cost and slow speed... Read More »
Monday Morning "Cup of Coffee"
I post this every week as it highlights a few of the top stories from ther weekend, courtesy of Housing Wire. Not a lot of earth shaking news this week... Read More »
Terrific Maricopa Arizona Home – Almost 2,000 sq.ft. single level
This home is well maintained and reflects pride of ownership. The spacious Ricardo floorplan is accented by it’s vaulted ceilings, plenty of 18” tile and custom wall paint.... Read More »
Highly Upgraded Single Level Pool Home in Maricopa Arizona – 2,300 sq.ft.
This is only one of hundreds of foreclosures and short sales available in Maricopa Arizona at terrific prices! Give The Wizards of Waz of The Maricopa Real Estate Company a... Read More »
Turn Key Rancho El Dorado Single Level in Maricopa Arizona – almost 2,000 sq.ft.
LENDER APPROVED PRICE!! This popular Carefree model is VERY spacious and has all the upgardes you would want: custom tile on the diagional, hardwood cabinets, beautifully tiled countertops... Read More »
2,000 Sq.Ft. Single Level Home in Maricopa Arizona –
**BACK ON THE MARKET ON 11/2 WITH BANK APPROVED PRICE** BACKYARD OASIS! Gorgeous single level home in the much sought after Cobblestone Farms subdivision! Highly upgraded with staggered... Read More »
Gorgeous Single Level Home in Maricopa Arizona – $80,000
VERY CLOSE TO BANK APPROVAL! One of Fulton Homes most popular models. Beautifully maintained with nice upgrades including beautiful wood flooring. Landscaped backyard that has an extended flagstone... Read More »
Terrific Deal on Single Level Home in Maricopa Arizona – $58,900
GREAT CURB APPEAL! Well maintained three bedroom home with two baths. Vaulted celings, kitchen island and 18” tile really accent this home. The backyard is beautifully landscaped and includes... Read More »
October Home Sales Down
A report from ReMax shows that homes sales slid 9.8% in October and 30.2% from the prior year. The monthly slide is attributed to the “typical” summer to fall... Read More »
Fannie Mae Says Housing Market Has Hit Bottom???
Boy, am I glad!!
My only question would be: If Fannie Mae says the market has hit bottom, why are they still foreclosing on properties at a record pace in... Read More »
Bank of America Having HAMP Troubles
This article outlines some of the problem with the HAMP program and states that B of A accounts for nearly half of the HAMP backlog. The numbers they quote... Read More »
3,200 Sq.Ft. Pool Home with a 1/4 Acre Backyard Oasis – Maricopa Arizona
GORGEOUS POOL HOME ON A 1/4 ACRE LOT in Maricopa Arizona! Very well maintained home that has just been professionally cleaned. The spacious layout is accented by custom... Read More »
Ally Admits to Problems With Foreclosure Process
At least somebody is “stepping up to the table” and admitting guilt. Of course, the fact that they are going to have to testify before the Sante today probably... Read More »
MERS Pleads "Not Guilty"
I will admit that I’m still trying to figure out exectly what it is MERS does. According to this article, they electronically track notes as they change hands. However,... Read More »
Gorgeous Single Level Pool Home in Maricopa Arizona – $89,900
GORGEOUS SINGLE LEVEL POOL HOME in Maricopa Arizona! This well maintained home exudes pride of ownership. The spacious floorplan is accented by 18” tile and custom paint. The... Read More »
Home Builder Sentiment Rises
It is intersting to note that, though this aricle shows a 1% rise in home builder sentiment, it souldn’t be perceived as a the beginning of a major shift.... Read More »
2,500 Sq.Ft Home on Corner Lot in Maricopa Arizona – $85,000
This beautiful home in Maricopa Arizona is located in The Villages or Rancho El Dorado and is adjacent to a gorgeous greenblet with a “tot” park. The spacious floorplan includes... Read More »
Senate Hearings on Foreclosure Investigation to Start Today
I have no idea of what to expect from this. The Attorney Generals and the lenders will face off and I expect to hear a lot of the same... Read More »
More "Robo Signing" News
Interesting article that covers a few potential problems. In summary:
Outlines the process of how a loan changes hands and the potential for title missues. Concern about HAMP mods AND, of course,... Read More »This Week’s "Cup of Coffee"
As always, I am posting this weekly article from Housing Wire. Nothing “earth shattering” this week but I always like to pass it along.
Read More »
Weekly Market Update for Maricopa Arizona
In order to stay on top of the highly unpredictable housing market in the my community of Maricopa Arizona, I am reviewing current market conditions every Monday morning and taking... Read More »
Is Flopping Hurting the Housing Market?
I ran across this artcile this morning and it provides a lot of food for thought. On the surface, flopping appears to be a legimate way for an investor... Read More »
Single Level Pool Home in Maricopa Arizona – Over 2,000 sq.ft.
TERRIFIC PRICE ON A POOL HOME in Maricopa Arizona! This 5 bedroom floorplan is very spacious and offers a lot of options for your living space. The backyard... Read More »
2,600 sq.ft. Home in The Villages in Maricopa Arizona – Only $79,800
An Entertainer’s Dream Home! Spacious 4 bedroom + den home with an open floor plan and gorgeous backyard! Neutral paint throughout, kitchen island, bay windows and much more!... Read More »
Two Level Home in Maricopa Arizona for $60,000
Nice, comfy two level home at a great price! The spaciuos floorplan includes a den and has tile throughout. Backyard is fully landscaped.
This is only one of hundreds... Read More »
Need A little Inspiration? – A Random Act of Culture
This is not your typical post on real estate but I thought I would send it along for those of you that want/need a little inspiration to start the... Read More »
Class Action Lawsuits Against Lenders Developing
This article mentions that there are a number of class action lawsuits being files against lenders and their mishandling of foreclosures. This si the first I have heard of... Read More »
Foreclosures Down 4% in October
This article details the latest foreclosure market information. I was really blown away by the fact that this was the 20th consecutive month of 300,000+ foreclosures. I had not... Read More »
PNC Resumes Foreclosures
This came a lot quicker than I thought it would. Apparently PNC decided to continue investigating the ones in progress but feel that they now have the systems in... Read More »
USDA Loans versus FHA
I read a post this morning that I was unable to find again. I’m pretty new to AR so I’m probably just not searching correctly. Anyway, here it is:
Lenders... Read More »
Mortage Applications Rise
I’ve attahced a good article on mortgage application trends. I’m not about to start jumoping up and down as a lot of these apps were for refis, but it... Read More »
2,800 sq.ft. Pool Home in Maricopa Arizona – Only $120,000
A STUNNING HOME WITH A GORGEOUS POOL! This Turner Dunn model has every upgrade you could want: 18” custom tile, granite counters, stainless appliances, custom cabinets, wrought iron... Read More »
Pool Home in Maricopa Arizona with Huge Yard
GORGEOUS HOME WITH POOL MARICOPA ARIZONA ON A HUGE LOT! Beautifully upgraded home with a spacious floorplan that offers lots of options. Dowbstairs bedroom has an adjacent bathroom and... Read More »
Fabulous Golf Course Pool Home – Maricopa Arizona
ABSOLUTELY AWESOME HOME WITH POOL! Homes like this rarely become available. It’s location on the greenbelt adjacent to the golf course makes it unique. The fabulous floorplan is... Read More »
Highly Upgraded Home in Maricopa Arizona – 2,255 sq.ft. Single Level for $90,000
NICELY UPGRADED! Open floorplan with family room, formal living and dining room, and a game room with two adjacent bedrooms! Master has large walk in closet and seperate... Read More »
Almost 2,500 sq.ft. Home in Maricopa Arizona for Only $79,900 – The Villages at Rancho El Dorado
VERY CLOSE TO LENDER APPROVAL! Community center with pool, spa, fitness center, tennis courts and much more! This spacious home has all of the upgrades you could possibly... Read More »
Beautiful 4 Bedroom Single Level Home in Maricopa Arizona for Sale – $74,400
This Maricopa Arizona home reflects pride of ownership and is move-in ready. It has a very spacious floorplan that flows nicely from one room to the next. Lots of... Read More »
Offers, Offers Everywhere!!
As I am signing off for the night, I can’t help but reflect on what an absolutely crazy business I am in. I ahve about 40 short sale listings... Read More »
2,200 sq. ft. Single Level Home on a Corner Lot in Maricopa Arizona – Gorgeous!
BANK APPROVED PRICE AND ABSOLUTELY GORGEOUS! This beautifully maintained home reflects pride of ownership and its spacious floorplan offer plenty of options. NicelY upgraded with custom tile, granite... Read More »
$65,000 for a Beautiful Single Level Home in Maricopa Arizona
ABSOLUTELY GORGEOUS! A beautifully maintained home that reflects pride of ownership! This popular floorplan features a den that opens into the great room providing a very spacious feeling... Read More »
Over 3,000 sq. ft. Highly Upgraded Home in Maricopa Arizona – Cobblestone Farms
ABSOLUTELY GORGEOUS HOME IN MARICOPA ARIZONA!! A beautiful 4 bedroom, 2.5 bath home with every upgrade you can imagine! Granite counters, VERY custom travertine tile installed by owner,... Read More »
Maricopa Arizona Single Level Short Sale
Terrific home in Maricopa Arizona that has been well maintained and reflects pride of ownership. This Shea model has a very spacious feel to it for it’s... Read More »
Tips to Forecast The Housing Market
The highly volatile housing market of the past few years seems to have everyone guessing and predicting on what will happn next. A recent article highlights ten tips by Ted Tsiakopoulos,... Read More »
Gorgeous Home for Sale in Maricopa Arizona
This 3,200 sq.ft. home has five bedrooms, three baths and a loft. It is highly upgarded and features a very spacious floor plan. The backyard is beautifully landscaped and... Read More »
Housing Prices Decline as Mortgage Defaults Increase
This is most likely not a big surpirise to most. I found this article particularly interesting in that it confirms my fears about the Graeter Phoenix area which is... Read More »
Weekly Maricopa Arizona Homes Market Update
For the week ending on Sunday, November 7th
After two weeks of the Maricopa home inventory remaining relatively constant, the number of Active listings (single family subdivision homes) fell from 968... Read More »
Another Monday Cup of Coffee
Here is this week’s “Monday Morning Cup of Coffee” from Housing Wire. It starts out with interesting info on Freddie and Fannie inventories. I find Housing Wire to be... Read More »
Wells Fargo to Stop Short Sale Extensions???
I just read this post from a reputable source. Have any of you RainMakers out there know anything about this?
Panel at 2010 NAR Convention: Housing Market Outlook
This article features a few interesting comments from a panel of “experts” at the NAR Convention.
I totally agree that Realtors need to educate themselves and adjust their business plan,... Read More »
Maricopa Arizona Offers Great Investment Opportunities
Are you an investor looking for an great opportunity? Or, better yet, are you a Realtor that knows one? I may have a strategy for you.
The inventory of homes for... Read More »
Perfect Time to Buy a Home in Maricopa Arizona
I am attaching a recent article from Realty Times states that 70% of the country feels like it is a good time to buy a home. Is it? In Maricopa Arizona,... Read More »
Faithful Mortgage Payments Hurting the Economy??
I’ve attached a VERY interesting article about how homeowners that continue to make payments on homes that are way upside down may actually be hurting the economy. For me,... Read More »
FHA Considering It’s Own Foreclosure Investigation
I was wondering if and when this might happen. In Maricopa Arizona, we have a LOT of FHA backed loans so their decision could have quite a bit of... Read More »
Shadow Inventory Now at Over 40 Months
There has been a lot of debate about the amount, and even the existence, of shadow inventory. For the unitiated, this is inventory of foreclosed homes that the lenders, for... Read More »
Maricopa Arizona Weekly Housing Market Update
Every Monday, I update a list that I started back in April 2010 in order to track the Maricopa Arizona housing market. Since I only deal with real estate... Read More »
Monday "Cup of Coffee" Reviews Last Week’s Lender News
For thise of you that may have missed some of the relevant topics of the past week, this article is a quick hitting summary. Not a lot of surprises... Read More »
Poll: Is it OK to Walk Away From Your Home?
The moral and ethical debate continues but it appears that more people are not taking such a hard line on this issue. A couple of years ago, I was... Read More »
Investor Opportunities: Short Sale Homes in Maricopa Arizona
The inventory of homes for sale in Maricopa Arizona continues to increase due to an influx of short sales and foreclosures. Though buying has been relatively steady, it cannot... Read More »
Great Time to Buy a Home in Maricopa Arizona
I am attaching a recent article from Realty Times states that 70% of the country feels like it is a good time to buy a home. Is it? In Maricopa Arizona,... Read More »
Single Level Pool Home in Maricopa Arizona
Gorgeous single level pool home in the subdivision of Ranco El Dorado in Maricopa Arizona. Not a short sale or a foreclosure so you can get an immediate acceptance... Read More »
Maricopa Arizona Weekly Housing Market Update
Every Monday, I update a list that I started back in April 2010 in order to track the Maricopa Arizona housing market. Since I only deal with real estate... Read More »
Foreclosure Seminar
Mortgage Problems? We can help! Dont walk away from your home.
Thursday, October 21st we will be holding a free seminar with tools and resources to help you stay in... Read More »